Bahl & Gaynor Inc. Invests $39.85 Million in Dell Technologies Inc. (NYSE:DELL)

Bahl & Gaynor Inc. acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 520,900 shares of the technology company’s stock, valued at approximately $39,849,000.

Several other hedge funds and other institutional investors have also made changes to their positions in DELL. CWM LLC boosted its position in shares of Dell Technologies by 12.3% during the third quarter. CWM LLC now owns 3,834 shares of the technology company’s stock worth $264,000 after buying an additional 421 shares during the period. IFP Advisors Inc boosted its position in shares of Dell Technologies by 99.3% during the third quarter. IFP Advisors Inc now owns 1,208 shares of the technology company’s stock worth $83,000 after buying an additional 602 shares during the period. HB Wealth Management LLC acquired a new position in shares of Dell Technologies during the third quarter worth approximately $218,000. SG Americas Securities LLC boosted its position in shares of Dell Technologies by 103.3% during the third quarter. SG Americas Securities LLC now owns 3,099 shares of the technology company’s stock worth $214,000 after buying an additional 98,158 shares during the period. Finally, Asset Management One Co. Ltd. lifted its position in Dell Technologies by 6.1% in the third quarter. Asset Management One Co. Ltd. now owns 104,600 shares of the technology company’s stock worth $7,207,000 after purchasing an additional 5,979 shares during the period. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on DELL. Loop Capital began coverage on Dell Technologies in a research report on Wednesday, February 28th. They issued a “buy” rating and a $125.00 target price for the company. Morgan Stanley upped their target price on Dell Technologies from $100.00 to $128.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. TD Cowen upped their target price on Dell Technologies from $75.00 to $105.00 and gave the stock a “market perform” rating in a research report on Friday, March 1st. Sanford C. Bernstein upped their target price on Dell Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Finally, JPMorgan Chase & Co. upped their target price on Dell Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $104.63.

Insider Buying and Selling

In related news, insider Jennifer D. Saavedra sold 18,260 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total transaction of $2,193,026.00. Following the completion of the sale, the insider now directly owns 206,961 shares in the company, valued at $24,856,016.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the transaction, the director now directly owns 535,816 shares in the company, valued at $71,997,595.92. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jennifer D. Saavedra sold 18,260 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $120.10, for a total value of $2,193,026.00. Following the completion of the sale, the insider now directly owns 206,961 shares in the company, valued at $24,856,016.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,382,204 shares of company stock worth $718,452,037. Corporate insiders own 48.60% of the company’s stock.

Dell Technologies Stock Up 0.1 %

DELL opened at $125.06 on Friday. The stock has a fifty day moving average of $112.60 and a 200-day moving average of $88.11. The firm has a market capitalization of $89.27 billion, a P/E ratio of 28.61, a PEG ratio of 1.58 and a beta of 0.92. Dell Technologies Inc. has a 12-month low of $41.79 and a 12-month high of $136.16.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.47. The company had revenue of $22.32 billion during the quarter, compared to analyst estimates of $22.17 billion. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The company’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 earnings per share. On average, analysts expect that Dell Technologies Inc. will post 6.58 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.42%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 40.73%.

Dell Technologies Company Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).